U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points at 8:30 AM EST. U.S. Steel advanced $11.22 to $50.55 after Nippon Steel offered to buy the company for $ 55.00 per share. Value of the cash offer is estimated at $14.1 billion.VF Corp dropped $1.15 to $18.76 after disclosing that the company is the victim of a cyberattackMasonite dropped $2.00 to $100.00 afte...Read More
The Fed rate remained unchanged as a result of the FOMC meeting last week. But what's the future look like?Today, I'll explain what happened in terms of policy moves, what Fed Chair Jay Powell believes will happen next and what will actually happen.The difference between Powell's expectations and market expectations creates opportunities for investors to profit from those competing forecasts.Wheth...Read More
"Society lives and acts only in individuals... Everyone carries a part of society on his shoulders; no one is relieved of his share of responsibility by others. And no one can find a safe way out for himself if society is sweeping toward destruction. " Ludwig von MisesRemember, you are a sovereign individual and the blob in our nation's capital city is an undifferentiated mass of feckless protop...Read More
Michael Ballanger of GGM Advisory Inc. shares why he believes Getchell Gold is a stock worth watching.Settling the week roughly $120 per ounce off the blow-off top established during the December 3-4 carpet bombing episode that magically occurred a mere ten days before the Fed "pivot." I am absolutely 100% certain that it was a mere coincidence that gold was prevented from "sniffing out" the pivot...Read More
Silver Crown Royalty Company says it's simplifying the process for investors to gain exposure to royalties and streaming. Read to see what other public companies are aligned with Silver Crown's business and what makes this soon-to-be public company different. Silver Crown Royalties Inc. has announced the closing of the first tranche of a net smelter return (NSR) royalty for up to 90% of the cash e...Read More
LONDON, 14 December 2023 - Today's news that the US Federal Reserve expects to cut interest rates more sharply in 2024 than previously forecast has sent the price of gold jumping, says leading US news-site MarketWatch, quoting BullionVault analysis."The sudden death of 'higher for longer' at the US Fed has only taken gold back to breakeven for December so far, and it leaves the market $100 below l...Read More
LONDON, 13 December 2023 - Comment and analysis from BullionVault feature today in a story on the outlook for gold prices in The National, the English-language newspaper targeting readers in the Middle East."The rising floor beneath gold prices should continue to strengthen as investors look ahead to 2024," the report quotes Adrian Ash, director of research at BullionVault.Read Adrian's full comme...Read More
LONDON, 11 December 2023 - Data and analysis from BullionVault is quoted in today's gold-market report from Japanese news agency JiJi Press.The pace of selling slowed in November in both gold ETFs (exchange traded funds) and in online bullion trading, says the report, quoting BullionVault, because investors want to continue holding gold even at today's high prices as insurance against 2024's poten...Read More
(IDEX Online) - Storm Mountain Diamonds (SMD)has agreed to sell one of the world's largest pink diamonds, weighing 108.39 carats, to Antwerp-based Choron for an undisclosed price.The Type IIa gem, recovered in March, is the biggest pink diamond ever at the Kao mine, in Lesotho, and eclipses the 47.81-carat Pink Eternity, which was recovered from the mine last year and which sold for an undisc...Read More
(IDEX Online) - Botswana Diamonds says it has identified anomalies within 6km of its existing KX36 project that could indicate new diamond reserves.KX36, about 260km north west of Gaborone, in the Kalahari Desert, has been described as the most significant diamond discovery in Botswana since the huge Debswana-owned Orapa and Jwaneng mines."Kimberlites occur in clusters, currently only KX36 has bee...Read More
(IDEX Online) - The Indian government say the G7 diamond sanctions only stones over one carats, and will therefore cause minimum disruption to its industry.The vast majority of stones cut and polished in Surat and other diamond hubs are well under the 1.0-cts threshold. "We should be able to export our diamonds without disturbing the proposed sanctions on Russia," said the Commerce Secretary...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points at 4,803 at 8:35 AM EST.Index futures were unchanged following release of the U.S. November New Home Starts report at 8:30 AM EST. Consensus was a drop to 1.360 million units from 1.472 million units in October. Actual was an increase to 1.56 million units.The Canadian Dollar added 0.13 to US74.90 cents follo...Read More
Osino Resources is being bought out by Dundee Precious Metals for an implied value of C$1.55/share (cash and Dundee shares) ...Read More
globalwarming #carbonfootprint #news #canadian.Read More
news #usa #putin #zelensky #geopolitics.Read More
president #geopolitics #russiaukrainewar #europe.Read More
grantcardone #realestateinvesting #news.Read More
2024 #inflation #gold #stockmarket In this insightful interview, we sit down with the legendary mining investor and commentator ...Read More